Helios Towers surpasses Q3 expectations and announces $400 million plan for shareholder returns.
Strong Q3 Results: Helios Towers reported a 5% year-on-year increase in adjusted EBITDA to $120.1 million, surpassing forecasts, and announced a $75 million share buyback as part of a five-year plan targeting over $400 million in returns to investors.
Stock Performance: Following the positive results, Helios Towers' shares surged 18% to a four-year high, marking a 95% increase in stock value for the year.
Growth Strategy: The company's five-year strategy aims for over $1.3 billion in cumulative recurring free cash flow by 2030, with a focus on organic growth in Africa and the Middle East, where mobile penetration is significantly lower than in developed markets.
Infrastructure Resilience: CEO Tom Greenwood highlighted the robustness of Helios' infrastructure, noting that the company has not lost any sites in 15 years, and emphasized the complementary role of satellite networks in enhancing coverage, especially in ultra-rural areas.
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